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Anyone run across this?

Sale of Business ... the Gain on Goodwill; does this play into the QBI calculation? 

Does anyone know ...

Client has ...

1. Single Member LLC
2. Multiple Properties within this LLC
3. Each of the properties, in the LLC, are separate Activities / Records in ATX
4. Both Commercial and Residential properties ... some have profits and some have losses
5. Real Estate Professional
6. Appears Qualifies for 199A ... over 250 hours per year, LLC set up to purchase rentals as a business, documentation, etc.

How should the QBI handled for these properties?  Anything special or just X the Qualified Business on "activities" worksheet and let the losses allocate to the qualified business income activities?

Please disregard ... I see a post from March 9th

Does anyone know where to enter a 1099-C?  I am in the Other Income area ... however, only see a Cancellation of Debt (1065 K-1).  

Thanks so much!

Thank you so much,, Randall!  I will try that! 

Ok, was able to separate in the S Corporation; however, when it pulls over to the 1040 it is combined on the 199A Worksheet.  Does anyone know how to separate in the worksheet?  

Has anyone ran across this in ATX yet?

• S Corporation - Consolidated Tax Return (3 Businesses)
• 1 Service Business (SSTB) within the Consolidated Tax Return

Any suggestions on how to separate the SSTB for purposes of 199A?

Actually, looking at this again ... looks like may be able to split under the columns ... Service / Non-Service.  Separating the SSTB out there.  

Thank you, Abby Normal!  I appreciate your help!  I do not believe that it has been fixed.

Client leased office space and paid over $80k in build out / TI ... is this depreciated over the life of the lease (10 years) or 39 years?  

Thanks so much!

"The tenant depreciates the improvements over the appropriate life and deducts interest expense on the loan."

Office space leased by a Physician.  The Landlord financed the Improvements over 10 year (lease term)...$80k.  What is the best way to handle for depreciation purposes?  

Thank you for your suggestions!